RETAL LIQUOR BUSINESS. LQST472

Price: $425,000

Location: Passaic County, New Jersey

Industry: Liquor Store

Listing ID: lqst476

Wonderful purchase opportunity with a high-volume Retail Liquor business with valuable distribution liquor license available in Passaic County, northern New Jersey. This long standing fifty-year-old business located in the highly popular urban municipality and offers the option to purchase the property. The company has a yearly gross income of $1233,280 and will evidence a substantial net yearly income to an owner operator. This seven-day operation maintains standard hours from 10:00 am to 10:00 pm. Although the facility is located in a highly urban area, during its long existence, it has never had a criminal incident and is considered a generally safe area to the residents. The owner functions semi part time, approximately six hours per day and will train. SBA financing has been pre-approved for this excellent business opportunity. This is a profitable business opportunity and based on the asking price, down payment and yearly net income, this business expects to supply a consistent return on investment to the owner operator. Based on a 25-year payout, approximately 20% to 25% down payment, purchaser expects to obtain a consistent return on investment after debt service.

Listing Details

Revenue: $1,233,000

Cash Flow: $140,000

FFE: $175,000 (Included in Price)

Inventory: $150,000

Reason For Sale:

Owner retiring

Training & Support:

Training and owner support: the owner will remain post-closing and is prepared to supply an appropriate transitional period to the purchaser.

Location

Security on Lease: Two Months

Lease Option: Yes additional options.

Type of Location: Commercial Avenue

Square Footage: 1800

Relocatable?: Yes

Facilities Information:

The retail facility consists of approximately 2000 square feet with a full unfished basement. The business is on a commercial avenue in Northern New Jersey, Passaic County, which consists of highly populated urban communities with continued demand for this food product.

Summary

Owner Qualifications:

For Qualifications purposes, this business opportunity and industry requires New Jersey state government licensing approval to purchase in addition to the standard required municipal approvals.

Competition:

Regarding competition, to the best of our knowledge, due to various circumstances, no other new competitors are expected near to this business. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.

Potential Growth:

Regarding growth and expansion: the business opportunity can be further expanded with a new operator by offering delivery options and improving the advertising. Additionally, the company has a limited poor non-optimized web site and if adjusted can further develop the business yearly gross sales.

Financing/Terms:

Owner financing

Ron Cervelli

contactus@regalconsultants.com

Fill Out Our NDA

Contact Us About This Listing

  • Hidden
  • This field is for validation purposes and should be left unchanged.